The new iMac all-in-one unit costs $1,099, making it slightly more accessible to people who are considering updating an old Mac or making the switch from a traditional Windows PC. Owners of iPhones and iPads may especially be interested, given the new Mac-to-iOS features getting piled into Apple’s coming OS X Yosemite release. The new iMac is still pricier than the entry-level 11-inch MacBook Air, but it’s less costly than Apple’s MacBook Pro laptop.

Where does the $200 in savings come from? Now for the trade-offs: The new iMac has a dual-core processor, running at a slower 1.4 gigahertz. The $200 step-up has a 2.7 GHz quad-core chip. The cheaper iMac has half the hard-drive storage space—500 gigabytes—and its graphics horsepower, important for gamers and video editors, is ratcheted down too. The new iMac offering still comes with a 21.5-inch monitor, and has the same 8 GB of RAM, however.

As with any PC purchase, would-be buyers can customize the unit to bulk up the processor speed or swap in a different hard drive, at a higher cost.